Bajaj Auto transcript confirms record Q1, EV turns profitable
Revenue of ₹17,244 cr, PAT ~₹3,000 cr. EV business EBITDA positive. Exports record 732k units. Transcript is a documentation of the earnings call, not new info.
— 2 earlier stories on Bajaj Auto Ltd. →What's new
- Record revenue of ₹17,244 cr and PAT ~₹3,000 cr, driven by exports and EV.
- EV business turns EBITDA positive; broader EV portfolio delivers double-digit margins.
- Commodity inflation of 4.5% of revenue absorbed while maintaining 20.9% EBITDA margin.
Why this matters
Bajaj Auto's Q1 shows it can navigate supply chain disruptions, a ransomware attack, and the steepest commodity inflation in two years without margin collapse. The record export volume of 732k units reinforces its structural position in Latin America and Africa. The EV unit turning EBITDA positive is a milestone, validating its multi-platform strategy. However, this transcript adds no new material information beyond the previously disclosed results and call.
What we're watching
- Ten refreshed motorcycles and two new 125cc brands coming by September.
- Capacity expansion from 7M to 9M units annually — how quickly demand absorbs it.
- KTM subsidiary turnaround: production normalizing, inventory stabilizing.
The full read
Bajaj Auto posted a record ₹17,244 cr in revenue and ~₹3,000 cr in profit for Q1 FY27. That is despite a 10-15% output hit from a ransomware attack and supply chain disruptions. The bigger story: commodity inflation of 4.5% of revenue, more than the prior two years combined, was absorbed without breaking margins. EBITDA margin came in at 20.9%. The EV business turned EBITDA positive for the first time, and exports hit a record 732,000 units, led by Latin America and Africa. This is not new information. The transcript merely documents the call held after results. But the numbers themselves are a statement: Bajaj Auto is executing through headwinds. The next test is the product pipeline: ten refreshed motorcycles and two new 125cc brands by September, plus capacity expansion from 7M to 9M units.
Questions answered
- How did Bajaj Auto manage commodity inflation while sustaining margins?
- Price hikes, favourable currency moves, and cost discipline offset commodity inflation equivalent to 4.5% of revenue, helping maintain an EBITDA margin of 20.9%.
- What drove the record export volume of 732,000 units?
- Strong demand from Latin America and Africa drove export growth, offsetting sluggish domestic demand for certain models.
- Is the electric vehicle business profitable now?
- Yes, the electric two-wheeler business turned EBITDA positive in Q1, and the broader EV portfolio delivered double-digit margins.
- How did the ransomware attack impact production?
- The attack caused a 10-15% output loss but the company stated it contained the incident and operations normalized quickly.
- What is the capacity expansion plan?
- Bajaj Auto plans to expand total annual capacity from 7 million to 9 million units, adding 2 million units of potential output.
Bajaj Auto Ltd.
Latest quarter · Jun 2026
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All notes on BAJAJ-AUTO →- 27 Jul 2026 · 4:44 PM IST Bajaj Auto transcript confirms record Q1, EV turns profitable
- 12d ago Bajaj Mobility revenue nearly doubles, EBITDA turns positive
- 35d ago Bajaj Auto hit by ransomware, says it contained the attack